Laffont's Coatue Seeks $250 Million for First Quant Hedge Fund
- Coatue has been building data science team for a few years
- Firm is launching fund as quants struggle in crowded field
This article is for subscribers only.
Philippe Laffont, who has been extolling the virtues of data-driven investing for years, is taking the next step by launching Coatue Management’s first quant hedge fund.
Coatue, which focuses on tech stocks, is seeking to raise $250 million by April 1 for a fully systematic, market-neutral fund, executives said Thursday in a letter to clients viewed by Bloomberg.